Prices for cold-rolled and galvanized steel sheet in the United States climbed again - extending their historic highs - after buyers reported further challenges in competing for what little spot tonnage is offered by mills.
Fastmarkets' weekly price assessment for steel cold-rolled coil, fob mill US rose to $64 per hundredweight ($1,280 per short ton) on Thursday January 21 from $63 per cwt on January 14. The assessment has gained 106% since dropping to its 2020 low of $31 per cwt in August.Fastmarkets' price assessment for steel hot-dipped galvanized coil (cold-rolled base), fob mill US leaped to $65 per cwt ($1,300 per ton)...